AngloGold Ashanti and Gold Fields pause merger talks on Iduapriem and Tarkwa mines.
AngloGold Ashanti and Gold Fields
BUSINESS
Ghana Cedi Decreases To GH¢15.90 To 1 Dollar At Forex Bureaus
The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH₵15.24 and selling at GH₵15.25.
New ‘Global Growth Team’ Created By Trade Secretary
A new ‘global growth team’ of UK Trade Envoys has today [28 January] been appointed by the Trade Secretary to drive UK exports and investment as the Government pulls every lever available to drive economic growth under its Plan for Change.
GHANA GOLD BOARD TO BE LAUNCHED BY MARCH 8, 2025.
19-member Technical Committee tasked to develop a legal and operational framework for the establishment of Ghana Gold Board was inaugurated in Accra yesterday.
Tata Electronics Acquires 60% Stake In Pegatron Technology India Ltd For iPhone Plant
As part of this deal, in addition to acquiring a majority stake in PTI, TEPL and PTI will work on integrating their teams to work seamlessly. PTI will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services. This acquisition solidifies TEPL’s position as a key player in the Indian electronics manufacturing sector.
Government Records 55% Oversubscription In T-bills; Interest Rates Through The Roof
According to action results by the Bank of Ghana, the government got a remarkable GH¢8.075 billion from the sale of the short-term instruments though it was looking for GH¢5.198 billion to refinance the maturing bills.
The Stock Markets Are Becoming A Big Part Of Africa’s Growth Story. The Stock Exchange Composite Index In Ghana Surged By 56% In Local Currency Terms.
According to Bloomberg,the Ghana Stock Exchange Composite Index surged by 56% in local currency terms—the highest since 2013—driven by a $3 billion International Monetary Fund bailout expected to boost growth this year
PRICES OF GOLD COIN FALL AMID CEDIS’S STRENGTHENING
The Bank of Ghana’s gold coin, available in three variants—a one-ounce coin, a half-ounce coin, and a quarter-ounce coin have witnessed a price drop on December 9, 2024.